Davis World Travel folds with 20 jobs lost

by Tiffany Millar on December 17, 2010

A Hampshire-based travel company has folded damaging 20 jobs.

Davis World Travel closed its four branches in the wake of heading into liquidation on Wednesday after 53 years of trading. It is not clear how many holidaymakers overseas will be effected by the impact of the collapse.

Davis World Travel ticketholders are being encouraged to contact their airlines as the administrator Begbies Traynor says it has become yet ‘another victim’ of the ongoing recession. Begbies Traynor said customers that booked a holiday, including flights and packages, through the tour operator, should contact Davis World Travel or their airline.

Furthermore, those that have paid in full or partially are urged to contact Davis World Travel directly. Customers currently abroad with a scheduled flight already booked are not likely to be affected. However, those travelling on Davis World Travel tickets should be sure to first contact their airline as a precaution.

Those customers that used a credit card to pay will also receive additional protection.

The travel agent has shut down all four of its branch offices, located in Lee-on-the-Solent, Gosport, Portchester and Fareham. It has also taken its website offline.

According to Begbies Traynor the company had a turnover of around £5m to £6m from bookings for traditional holiday packages, cruises and city breaks. Antony Fanshawe, of Begbies Traynor, said that despite the firm’s long-standing pedigree, the current atmosphere in the economy has been its demise.